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Antofagasta PLC (LON:ANTO)’s rating was upgraded by analysts at Haitong Securities to a “Buy” rating in a a research note issued to clients and investors on Thursday morning. The firm now has a GBX 484.00 price target on the stock. Haitong Securities’s price target would suggest a potential upside of 12.69%. Out of 21 analysts covering Antofagasta PLC (LON:ANTO), 3 rate it a “Buy”, 9 “Sell”, while 10 “Hold”. This means 14% are positive. GBX 8.34 is the highest target while GBX 3.83 is the lowest. The GBX 6.05 average target is 3.33% above today’s (GBX 442.1) stock price. Antofagasta PLC has been the topic of 190 analyst reports since July 23, 2015 according to StockzIntelligence Inc. Haitong Securities upgraded the stock on June 30 to “Buy” rating. Credit Suisse maintained it with “Underperform” rating and GBX 360 target price in a May 27 report. Goldman Sachs maintained the shares of ANTO in a report on June 28 with “Sell” rating. Peel Hunt maintained the firm’s rating on May 18. Peel Hunt has “Hold” rating and GBX 490 price target. Lastly, Canaccord Genuity downgraded the stock to “Hold” rating in a June 9 report. About 70,363 shares traded hands. Antofagasta plc (LON:ANTO) has declined 10.81% since November 27, 2015 and is downtrending. It has underperformed by 10.05% the S&P500. Haitong Securities Reports Upgrade of Antofagasta PLC (LON:ANTO) with GBX 484.00 TP
Morning. Amazing how ANTO has held up since the Brexit vote and has to be taken note of, imo. As I type it is looking like it is ready to breakout and could give a 123 low by close (above 440 needed) Has been creating bullish divergences on its way down from high in 590's Looking very solid to me. Good luck.
Or maybe 350p - double bottom on the weekly chart.
408p could be worth a go with stops just below 400p http://dl.dropboxusercontent.com/u/13459865/Screenshot%202016-06-13%2010.45.10.png
seen here in ages..
To see this back over the £ fiver mark....shouldnt be long :)
Needing copper...this lot has lots of it.
499.65 starts to make money...seems so far away.. :)
From 21st March 2016 the London Stock Exchange introduced a scheduled intraday auction that will begin daily at 12:00pm for equity securities on SETS Orderbook. The auction is scheduled to last for 2 and a half minutes, during which time electronic prices will not be available for impacted securities.
having a bad day again
An addendum re the eucalyptus.... Turns out the plantations have bred a drought resistant species which will be utilised to reignite forestation in the arid areas of Chile...bet ANTO are well thought of in Chile...from environmental and economic standpoints.... am I a sceptic :)
See Glencore is squeezing ANTO, using a Glencore subsidiary of Xtrata origin. Wonder if Ivan is going to make a move on ANTO at some later stage, same as he did with Xtrata.....interesting times we live in In May 2013 the El Pachon Project became part of Glencore Xstrata plc. 2014 Xtrata subsidiary ( read Glencore) took legal action against ANTO re them dumping mine waste on an area approved by the Chilean govt.........turns out, after a rigorous review of the Chilean/Argentina border, that part of the dump assigned by Chile to ANTO is in fact within sovereign territory of Argentina, and forms part of the Xtrata controlled El Pachon Project . ANTO controls rail networks which transport mine ores for milling/shipping and also the pipeline which transport sludge to the purpose built seaport at Los Vilos where the sludge is dewatered, the recyclyed water then used in irrigation in a nearby eucalyptus plantation. Ivan Glasenbergs mouth must be watering at the prospect of screwing some kind of deal out of ANTO for shared mining/transportation. Any newer news on the litigation is welcome...
At £1.3m mcap AGQ is trading at cash in bank. Plenty of exciting things going on behind scenes and expect to see us pick up and test 2.00p again before any major news as people see the value. -Has MOU to explore assets which are on par with GOLDCORPS massively lucrative Mexican assets. -Opportunity to explore tailings asset with $100 million gold available as well as silver and other metals. -Company has enough cash for medium term operations and to get tailings into production. -Assessing numerous other assets in the region, some of which are world class. -Management and directors took shares in recent placing at 1p
No sell signals yet mate, the next pull back may be higher than your sell price. All eyes on the trend line around £6
Leave some in the pot for those that are hungry.....reckon it will fall back a bit after the first flush of enthusiasm then kick off north again...as long as copper has value in the marketplace....have fun :)
Well done NK, profit is profit. This has more to give, imo.
This is a nice rise......made my 5% and sold at 522....GL to those at the 530's.......DONT BE GREEDY....enjoy!
TV report 0657 hrs shows copper up 1.5%
I topped up the kitty....then everybody starts talking on the GLEN board about how the price of copper has rocketed after the FED broadcast....must check my shoes...must have stood in something lucky :)
Tossed one in...stops lending, and stops me missing any pleasant surprises :)
With copper seriously looking like it has bottomed, it only strengthens the case to invest here.
Yup, very excited about this. The technicals tell me this is a screaming buy and going to make us some nice £'s NKOTB The start of a long term up trend, imo. Will be tempted to grab a few more tomorrow I think.
What is it ANTO digs out of the ground...... :)